iShares iBoxx $ Invmt Grade Corp Bd ETF (LQD) Raises Dividend to $0.32 Per Share
iShares iBoxx $ Invmt Grade Corp Bd ETF (NYSEARCA:LQD) declared a monthly dividend on Friday, December 1st, Wall Street Journal reports. Shareholders of record on Monday, December 4th will be paid a dividend of 0.3223 per share by the exchange traded fund on Thursday, December 7th. This represents a $3.87 annualized dividend and a yield of 3.20%. The ex-dividend date is Friday, December 1st. This is a boost from iShares iBoxx $ Invmt Grade Corp Bd ETF’s previous monthly dividend of $0.32.
Shares of iShares iBoxx $ Invmt Grade Corp Bd ETF (NYSEARCA LQD) traded down $0.14 during midday trading on Friday, reaching $120.67. 6,119,600 shares of the company’s stock traded hands, compared to its average volume of 5,044,361. iShares iBoxx $ Invmt Grade Corp Bd ETF has a 1-year low of $115.55 and a 1-year high of $121.81.
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iShares iBoxx $ Investment Grade Corporate Bond ETF (the Fund), formerly iShares iBoxx $ Investment Grade Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid Investment Grade Index (the Index), which is a rules-based index consisting of liquid, the United States dollar-denominated, investment-grade corporate bonds for sale in the United States.
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